• Bio-Rad Laboratories average operating margin for 2023 was 13.39%, a 25.86% decline from 2022.
• Bio-Rad Laboratories average operating margin for 2022 was 18.06%, a 1.75% decline from 2021.
• Bio-Rad Laboratories average operating margin for 2021 was 17.75%, a 41.77% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.